SES and Gilat Extend Global Strategic Cooperation with Orders for GEO VHTS and O3b mPOWER NGSO Constellation

Global business opportunities materialized with SkyEdge IV, Gilat’s multi-service, multi-orbit platform

 Petah Tikva, Israel, September 6, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company was awarded multimillion-dollar orders from SES as the companies extend global strategic cooperation. SES, in cooperation with Gilat, is expanding its SATCOM business reach utilizing Gilat’s SkyEdge IV multi-orbit, multi-service capabilities.

Gilat Reports Strong Second Quarter 2022 Results

Revenue of $55.5 million, operating profit $1.5 million and Adjusted EBITDA of $5.3 million; Reiterates 2022 guidance

Petah Tikva, Israel – August 9, 2022 – Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2022.

Second Quarter 2022 Financial Highlights

• Revenues of $55.5 million, up 1.2% compared with Q2 of last year;
• GAAP operating income of $1.5 million versus operating loss of $0.4 million in Q2 last year;
• Non-GAAP operating income of $2.4 million versus Non-GAAP operating income of $0.1 million in Q2 last year;
• GAAP net income of $0.5 million versus loss of $0.2 million in Q2 last year;
• Non-GAAP net income of $1.4 million versus Non-GAAP income of $0.3 million in Q2 last year;
• Adjusted EBITDA of $5.3 million versus Adjusted EBITDA of $2.4 million in Q2 last year;
• Reiterates and on-track with 2022 financial guidance;

Gilat Unaudited Financial Statements for the 6-Month Ended on June 30, 2022

Internet Para Todos Expands Services Contract with Gilat

Petah Tikva, Israel, August 4, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Internet para Todos (IPT) in Peru is expanding its contract with Gilat, for 4G cellular backhaul services over the Internet.

IPT is a global collaborative between Telefónica, Meta (formerly Facebook), IDB Invest, and CAF. The initiative is bridging the digital divide in Latin America and providing internet connectivity to remote regions of Peru.